Starting Dynare (version 5.1).
Calling Dynare with arguments: none
Starting preprocessing of the model file ...
Found 27 equation(s).
Evaluating expressions...done
Computing static model derivatives (order 1).
Computing dynamic model derivatives (order 4).
Processing outputs ...
done
Preprocessing completed.


STEADY-STATE RESULTS:

a           		 1
c           		 0.731765
de          		 0.00682623
deltau      		 0.025
deltauprime 		 0.0310362
expre       		 1.00604
expre2      		 1.01211
expvf1sigma 		 1
inv         		 0.268235
k           		 10.7294
mu          		 1.2
n           		 0.239003
pe          		 1.13088
pie         		 1.005
profit      		 0
q           		 1
r           		 1.01107
rr          		 1.00604
rrk         		 0.0310362
sdf         		 0.994
u           		 1
varexpre    		 0
vf          		 1
vola        		 0.0043648
w           		 2.79076
y           		 1
z           		 1

EIGENVALUES:
         Modulus             Real        Imaginary

       2.559e-17        2.559e-17                0
       2.658e-17       -2.658e-17                0
       5.747e-17       -5.747e-17                0
       5.827e-16        5.827e-16                0
          0.4808           0.4808                0
          0.5909           0.5909                0
          0.8093           0.8093                0
          0.9755           0.9755                0
          0.9878           0.9878                0
           1.006            1.006                0
           1.006            1.006                0
            1.02             1.02                0
           1.082            1.064            0.197
           1.082            1.064           -0.197
       1.193e+17        1.193e+17                0
       2.714e+17       -2.714e+17                0
       6.603e+17       -6.603e+17                0
       3.286e+18       -3.286e+18                0
       5.829e+18        5.829e+18                0
       1.522e+21       -1.522e+21                0


There are 11 eigenvalue(s) larger than 1 in modulus 
for 11 forward-looking variable(s)

The rank condition is verified.

Total computing time : 0h00m05s
